Showing 1 to 10 of 10

Railroads
- Railroad towns become boom downs
- A lot of the debt in the US is sold over seas in Europe, London, Amsterdam and
such.
- These new people along the railroads are a lot of voters, who tend to be anti
slavery
- F street mess
o People who worke

9/27
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Manufacture to agent to auction house to banker and so on. Line of credit sparked
the 1819 boom.
- Store is first thing on frontier
Panic of 1819 destroys this line of credit
Second Bank of the US (1815 1836) tries to stem the flow of credit to t

Sugar as a commodity
Canning manufactured food; they become important exports in the U.S., the fastest
growing export.
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Grew during the civil war
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As a way of feeding soldiers
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You need a glaup to get the bacteria to stop forming
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Sugar tariff provide

Matthew Gill
9/20/12
Hist. of American Capitalism
The Necessary Bank
The Revolutionary War witnessed a group of colonies with different lifestyles,
backgrounds, and beliefs unite to defeat a common enemy at all costs, both human and
financial. The thirtee

Matthew Gill
Dig #2
Unified Currency and the National Banks
The Civil War thrust a nation into economic chaos with war debts rising, and deep
economic divides, a united national currency and paper back money backed by
confidence revolutionized the economy

History Notes Cont
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Borrowing
o A lot of borrowing on cotton production starts to happen between the
American south, and the wealthy banks in Britain
o Leads to a boom in the price of cotton (almost doubling) and a boom in the
price of slaves
Sec

12/4
History of American Capitalism
Potential question: think about the corporation that forms after the civil war and how it
has shaped policy and things like sugar
Post Civil War
- Largest market in the world is created by the national banking act and a

Notes on Week 5 Readings:
Antebellum Wheat and Cotton Exports: A Contrast in Marketing Organization and
Economic Development
Northwest (Wheat):
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Developed a lot slower than cotton, but eventually caught up through
diversification and balance in the marke

Market Revolution
Jacksonian America 1815 1846
Chapter 4
Crises of 1819
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Calls to reform, it was popular to be antiadministration
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Jacksons return from Florida resulted in a federal investigation, but made him a
national hero.
Salary Act 1816
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Doubled

History of American Capitalism
9/6
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For Marx, and Keynes Capitalism is an ideology, not just a thought, but a way of
living
For Adam Smith, its not an ideology, its what happens naturally for people. Its
been seen through history and is naturally